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Feb 8, 2013
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. >> nobody is worried about this upcoming debate on sequestration, on the debt ceiling. you think that creates noise and disruption. >> i do, maria. i think that you've got a trifecta coming off, you've got the skywest raise and the debt ceiling and the eurozone so there's still a lot of volatility out there, so that's have we're cautiously optimistic. you need to be properly allocated in order to reap the rewards of the greatest capital machine in the world which is our united states stock market. >> thanks, everybody. appreciate your time. >> we'll see you soon in the final stretch of trading. we've got a market that's higher on the dow jones industrial average. >> remember, the dow needs to be up 66 points or there abouts to be positive. don't look now but suddenly apple is up past $475 a share and it's all because big investors have a beef with the board. we'll talk to one major investor who is on apple's side in this battle. >> look outside new york city and our cnbc headquarters. it is bad and it's getting worse. the big worry now, power outages. believe it or not,
. >> nobody is worried about this upcoming debate on sequestration, on the debt ceiling. you think that creates noise and disruption. >> i do, maria. i think that you've got a trifecta coming off, you've got the skywest raise and the debt ceiling and the eurozone so there's still a lot of volatility out there, so that's have we're cautiously optimistic. you need to be properly allocated in order to reap the rewards of the greatest capital machine in the world which is our united...
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Feb 8, 2013
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it's probably because looking at debt ceiling in the future. it's much more about what the lineup is because of how the temp structure has set up. >> chris, i know you're expecting a good year for stocks, but do you think that we're going to have some selloffs around these issues in washington, sequestration, the budget cuts to come. are you going to be buying on the dip if that were to happen? >> yes, maria. in fact, i agree with amy on the u.s. markets. i think it's going to be a little bit of tough sledding specifically because of sequestration and because of the fact we're starting right at this moment at fairly high investor sentiment levels, and the interesting thing, really a question of time horizon, amy's time horizon is maybe a little bit shorter than how we invest, but the interesting thing is what we found in studying investor sentiment is even when it's at optimistic levels like it is right now, that tends to mute forward returns from say zero to a couple months ahead time frame. it's actually a good thing from a nine to 12-month g
it's probably because looking at debt ceiling in the future. it's much more about what the lineup is because of how the temp structure has set up. >> chris, i know you're expecting a good year for stocks, but do you think that we're going to have some selloffs around these issues in washington, sequestration, the budget cuts to come. are you going to be buying on the dip if that were to happen? >> yes, maria. in fact, i agree with amy on the u.s. markets. i think it's going to be a...
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Feb 7, 2013
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we've worked through the debt ceiling pretty well, but when it comes to the sequester i think you've got a real problem here. the republicans might have leverage. obama doesn't seem to be ready to deal with that, and i don't know if the market is
we've worked through the debt ceiling pretty well, but when it comes to the sequester i think you've got a real problem here. the republicans might have leverage. obama doesn't seem to be ready to deal with that, and i don't know if the market is
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Feb 11, 2013
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we get past the final resolution to the debt ceiling that's been pushed off until may. that could be another little bounce. we could see the italian elections go well and ver sanny come and everybody settles back koun in europe. there are things that can happen but they generally involve the market climbing a wall of worry, and then getting past that event. generally market have been very, very pollee anna like in their determination to believe that policy makers get things done this year. that is probably the biggest difference between 2009 and 2010. >> gina, to dan's point, i would feel more comfortable if we add three to four-month period. i would love to talk about the dow everyday. it is optimistic and good news, wouldn't it be healthier with a reset period. >> a die jefgestinondigestion, >> yes, it would absolutely be healthier. the market has been running quite fast. my view is that it will probably continue to build on itself until we start to see probably a string of disappointments around growth towards the second half. maybe even into the fourth quarter. so y
we get past the final resolution to the debt ceiling that's been pushed off until may. that could be another little bounce. we could see the italian elections go well and ver sanny come and everybody settles back koun in europe. there are things that can happen but they generally involve the market climbing a wall of worry, and then getting past that event. generally market have been very, very pollee anna like in their determination to believe that policy makers get things done this year. that...
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Feb 11, 2013
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some time after that between mid-may and the first of august, you've got the debt ceiling. i think those things are going to involve some serious discussion about long-term entitlement spending. we're at the table. we've passed the ryan budget twice. we'll pass another very aggressive budget by congressman ryan in mid-april. so we're willing to go there. and we're willing to provide most of the votes. the president's got to be willing to bring some democratic votes. he's never been willing to compromise with the minority of his party and bringing them along. >> right. >> he's going to have to lead. so far in that area, he's chosen not to lead. >> we'll leave it there. thanks very much for your time today. >> thank you. >> we'll see you soon. representative tom cole joining us in washington. >>> up next, bombshell in italy. pope stepping down. i'll speak with the head of the italian business initiative about why this is happening. and what's next. >>> and later, another bombshell of sorts. breaking the news they're reducing the alcohol content of the bourbon bearing its name
some time after that between mid-may and the first of august, you've got the debt ceiling. i think those things are going to involve some serious discussion about long-term entitlement spending. we're at the table. we've passed the ryan budget twice. we'll pass another very aggressive budget by congressman ryan in mid-april. so we're willing to go there. and we're willing to provide most of the votes. the president's got to be willing to bring some democratic votes. he's never been willing to...
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Feb 11, 2013
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we want to hear what's going to happen with sequestration and the debt ceiling. then on wednesday morning, we also have core retail sales. that's going to give an indication of what the consumer trend might be. is the consumer in the same field of flowers and unicorns and daisies that the u.s. equity investor is in? i think that's probably what we're going to see. >> already we're not seeing a lot of alternatives for folks' money other than stocks because of the low rate environment. andrew, how are you investing right now? >> well, we're probably going to go ahead and move in this market. looks like the pullback is more likely 1650 back to these levels. so more than likely now is probably the time to ease into the market. you've got tremendous momentum and breath here. you're fighting the tape, as they say. this is probably the time to deploy. >> meanwhile, rick santelli, the race to the bottom of the currency markets was interrupted today. horror of horrors. japanese officials saying they don't want the currency to go much lower. and the euro moving higher as w
we want to hear what's going to happen with sequestration and the debt ceiling. then on wednesday morning, we also have core retail sales. that's going to give an indication of what the consumer trend might be. is the consumer in the same field of flowers and unicorns and daisies that the u.s. equity investor is in? i think that's probably what we're going to see. >> already we're not seeing a lot of alternatives for folks' money other than stocks because of the low rate environment....
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Feb 11, 2013
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ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, sort of bond proxy stocks. that suggests to us that they're one of
ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you...
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Feb 12, 2013
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the only thing that would spook them, michelle, would be the debt ceiling. and the issue is whether a couple of months of sequester and maybe vary short government shutdown isn't enough to prompt the two sides to speak, all while we're doing price discovery and budget resolutions, we're finally getting one from the senate. >> should we hope for one at this point? >> i had someone yesterday use the word lame duck already. there's not going to be me deal with congress. congress is not going to be very amenable to talking or at least the house and the president doesn't really seem very amenable to talk to him. so he's going to do everything through executive order so there will be no corporate tax reform, there will be no big dooelg deal on entitlements. those moments have passed and that was last year or the year before. never mind. >> when they did the deal of raising taxes on 400,000, you have to blow up a lot of opportunities to get things done. it will be difficult od tax reform, oregon individual. a lot of us would like to say corporate tax reform. >> eve
the only thing that would spook them, michelle, would be the debt ceiling. and the issue is whether a couple of months of sequester and maybe vary short government shutdown isn't enough to prompt the two sides to speak, all while we're doing price discovery and budget resolutions, we're finally getting one from the senate. >> should we hope for one at this point? >> i had someone yesterday use the word lame duck already. there's not going to be me deal with congress. congress is not...